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Current Attempt in Progress Veda Walker and Gordon Allen have a partnership agreement with the following provisions for sharing proft or loss: 1. A salary

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Current Attempt in Progress Veda Walker and Gordon Allen have a partnership agreement with the following provisions for sharing proft or loss: 1. A salary allowance of $37,100 to Walker and $47,600 to Allen 2. An interest allowance of 5% on capital balances at the beginning of the year 3. The remainder to be divided between Walker and Allen on a 2:3 basis The capital balances on January 1, 2024, for Walker and Allen were $98,400 and $121,200, respectively. For the year ended December 31,2024 , the Walker Allen Partnership had sales of $408,000; cost of goods sold of $300,000; operating expenses of $156,000;, V. Walker drawings of $28,856 : and G. Allen drawings of $34.560 Prepare a schedule to show how the loss will be allocated to the two partners. (Put o negative sign for losses or deficiencies preceding the number es, -45 or parentheses es. (45). Egnore anwer boxes that do not need amounts in them.) List of Accounts

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